Disclosure Gaps

Jan

2020

Rebuilding Trust and Confidence in the Financial System

Disclosure Gaps, Information Matrix, Transparency, Transparency Label Initiative, Trust, but Verify

14 Jan 2020

The Transparency Task Force asked why does greater transparency restores trust and confidence in the financial system. The short answer: we “Trust”...

Dec

2019

Hedge Fund TCI Points Out Asset Managers’ Hypocrisy When it Comes to Disclosure

Richard

Asset Manager Disclosure Two-Step, Corporate Governance, Disclosure Gaps, Investment Managers, Regulation and Regulators, Transparency Label Initiative

02 Dec 2019

First, it was TCW admitting asset managers had used investor funds to purchase trillions of dollars of opaque bonds they cannot value...

Sep

2019

Do Investors Know They Have Blindly Bet $3+ Trillion?

Richard

Disclosure Gaps, Information Matrix, Investment Managers, Opaque Securities, Transparency, Trust, but Verify

19 Sep 2019

Have asset managers told investors (the people and firms who actually put up the money) they have blindly bet the investors’ money...

Aug

2019

If Investors …

Richard

Disclosure Gaps, Investment Managers, Opacity Protection Team, Opaque Securities, Transparency, Transparency Label Initiative

29 Aug 2019

I am frequently asked “if investors want more information, why don’t they just ask for it?”. The short answer is investors do...

Jun

2019

Japanese Pension Fund in Vanguard of Rewarding Good Disclosure

Richard

Disclosure Gaps, Transparency Label Initiative

24 Jun 2019

Japan’s $1.36 trillion Government Pension Investment Fund (GPIF) is a leader in rewarding companies that provide good disclosure by buying more of...

Apr

2019

Stress Tests and the Black Hole Surrounding Derivatives

Richard

Derivatives, Disclosure Gaps, Opacity Protection Team, Opaque Securities, Regulation and Regulators, Too Big to Disclose

19 Apr 2019

Regular readers know I have been consistently critical of the Office for Financial Research. Today, courtesy of Pam and Russ Martens, it...

Feb

2019

Auditors Forget Discovering Fraud is Their Reason for Existing

Richard

Disclosure Gaps, Market Inefficiencies

12 Feb 2019

In theory, accounting firms focus on ensuring their clients’ financial statements are both accurate and assembled based on generally accepted accounting principles....

Oct

2018

SEC Commissioner Stein Makes the Case for the Transparency Label Initiative

Richard

Disclosure Gaps, Too Big to Disclose, Transparency

28 Oct 2018

We live in the Information Age with easy access to experts. Unfortunately, SEC mandated financial disclosure requirements live in the pre-Information Age....